Month: June 2022

MNB Decree No. 19/2022. (V. 31.) of the President of the National Bank of Hungary on the central bank’s base rate

Pursuant to MNB Decree No. 19/2022. (V. 31.) announced on May 31, 2022 and effectuated on June 1, 2022 the central bank’s base rate as of June 1, 2022 is 5,90% p.a. according the the decision of the Monetary Policy Committee of the National Bank of Hungary.

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On the review obligation of undertakings and organisations that process personal data

As of 25 May 2018, the GDPR Regulation is mandatory to apply in all EU member states, pursuant to which the data controllers of undertakings and organisations subject to the Regulation must review every three years – in accordance with Act CXII of 2011 on the Right of Informational Self-Determination and Freedom of Information –

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The Advertisement Tax will be reimposed

As announced at the Government Briefing on 26 May 2022, as part of a larger tax package, the Government decided to reimpose the Advertisement Tax, previously suspended. The tax will be based on Net Sales, and will be payable on the part of Net Sales exceeding HUF 2.5 billion. The tax base for this year

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